502-514 6th St N - Retail FOR SALE


Texas City, TX 77590 | 
$1,000,000 USD
832-858-1095
502-514 6th St N, Texas City, TX for Sale
$1,000,000 USD
Retail - FOR SALE
1/48
null | Request Cap Rate

502-514 6th St N
Texas City, TX 77590


HIGHLIGHTS

  • 502-508 6th Street N is a flexible, two-story retail and office property with a new roof and 3-phase power supply.
  • Conveniently located off TX-197 Loop, offering high visibility and easy access to I-45.
  • Upside potential exists through leasing the remaining spaces to capture growing market rents.
  • Texas City is known as one of the country's largest petrochemical refinery and manufacturing hubs.

OVERVIEW

502/ 508 6th Street North, Texas City 77590 is a two-story, 27000 square foot 1950’s style shopping center located on 6th Street, Texas City's revitalized historic downtown. This building is in the best part of 6th Street, home to new bars, restaurants, and upscale shops. The property is adjacent to the Showboat, a City-owned entertainment and festival venue. There is sufficient free street and lot parking adjacent. 502 6th N has 10125 sq ft on the first floor, and 13500 sq ft on the second floor. There is a door leading to the upstairs stairway, which could be used to separate the upper and lower floor into two different venues. 508 6th is located on the first floor, and is 3375 sq ft (25 x 135). It would make a great bar or restaurant. The buildings have all been completely structurally restored, with brand new windstorm- rated, TWIA approved, TPO, insulated roofs. The buildings are structurally sound “gray shells” and are ready for interior build-out and occupancy. They have new or restored storefronts. There are water, sewer and gas rough connections, but no interior partitioning or other gas, water or sewer interior runs or connections. Interiors are clean and pressure washed. All walls are masonry cinder block; all floors are very smooth concrete with no cracks which could be sealed and finished and there are tall ceilings with steel web joists on 4 foot centers. There is new steel roof decking throughout. Large two-story retail center located in the heart of Texas City along a busy street with easy access to nearby Highway 146, Hwy 3, and FM 1764 thoroughfares. Just 6 blocks away from the popular Texas City Dike and located in an Opportunity Zone. As the cost of materials rises and costs per foot to build soar to $150-$200 dollars per foot to build to this stage, this already constructed building is a bargain. Your cost would be 0NLY $37 PER BUILDING FOOT which includes "FREE" land. This would be a perfect opportunity to create a bustling retail center to serve the community of Texas City. Permitted uses include retail, restaurants, bar and grill, and office. As-built plans and floor plans are available below. A new TPO Roof (TWIA-Approved) was installed two years ago. 2000 kilowatt 3-phase transformer/tap box/gutter system was recently installed. Texas City is a growing town with new residential developments such as Lago Mar (4000 Homes), the largest crystal-clear lagoon in Texas at just over 12 acres, and Marlow Lake. Many more homes are currently being built along Hwy 3 and Fm 1764. With new developments happening nearby this would be the perfect opportunity to renovate and lease out to local businesses to serve the growth of Texas City. OWNER FINANCING CONSIDERED.

FOR SALE DETAILS

PRICE

$1,000,000 USD

PRICE/SF

$23 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Value-Add Urban Mixed-Use | Houston MSA

PROPERTY TYPE

Retail

ADD'L SUBTYPES

undefined, Restaurant

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1959

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

CROSS STREETS

5th Ave N

LAND ACRES

0.54 AC

LAND SF

23,522 SF

ZONING

District E

APN/PARCEL ID

7030-0144-0001-000

ASK ABOUT THIS PROPERTY

Scott ArnoldArnold InterestsMore Info
832-858-1095

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Scott ArnoldArnold InterestsMore Info
832-858-1095

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.